Case Study: Danfoss Power Solutions India Private Limited reduces TDS compliance risk with TopSource Global Solutions

Danfoss Power Solutions India reduces TDS complaints for 200+ suppliers with TopSource Global Solutions

Danfoss Power Solutions India Private Limited, a manufacturer of hydraulic and electronic components, was facing significant challenges with its outsourced consultant for quarterly TDS return filing and certificate issuance. This resulted in missed deadlines, risking financial penalties, and numerous complaints from suppliers due to incorrect certificates and mismatched details. The company approached vendor TopSource Global Solutions to take over these TDS compliance activities.

TopSource Global Solutions implemented a rigorous process for filing returns and issuing certificates to over 200 suppliers. Their solution included cross-verifying supplier PAN numbers through NSDL, performing quality checks via a maker-checker process, and conducting post-filing verifications with NSDL records. As a result, supplier complaints were completely eliminated, and Danfoss no longer faces any risk of future litigation related to TDS compliance.

Danfoss Power Solutions India Private Limited